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DNB Transfers Gold to London for Crisis Readiness
The Dutch central bank relocated over 86 tonnes of gold from the US and Canada to London between March and August, citing concerns over geopolitical unrest and aiming to enhance crisis preparedness. The transfer involved physically moving gold bars and repurchasing gold in different locations to spread risk, with the gold now held primarily by the Bank of England for easier trade during emergencies. This move follows ongoing US-Canada trade tensions and economic uncertainties, increasing London's share of Dutch gold reserves.
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